TUI Group News
Jamaica and TUI Group to explore Expansion into Latin America and Eastern Europe
Minister of Tourism, Hon Edmund Bartlett has initiated talks with TUI Group, one of the world’s leading tourism companies, to enhance the destination’s presence in Latin America and Eastern Europe. By leveraging TUI’s extensive marketing network, Jamaica’s strategic initiative to diversify its tourism source markets and expand its presence would receive significant momentum.
Marella Cruises launches All Inclusive Cruise Calculator
Research by Marella Cruises, TUI UK&I’s ocean cruise line, has revealed that over 60% of the nation is planning a summer holiday abroad this year, yet the cost of living is on the nation’s mind as one in five (20%) of Brits admit it’s stopping them booking an abroad getaway. To help savvy travellers get the best bang for their buck this summer, Marella Cruises has introduced the All Inclusive Cruise Calculator showing the value of going all-inclusive and the savings that can be made. The ocean cruise line’s free tool reveals the cost of sailing with the cruise line, showcasing the savings from booking an all-inclusive offering to everything included.
TUI repays further state aid to WSF
TUI has again repaid state aid from the Corona programme and also further reduced its credit lines. Silent Participation II of 671 million euros was repaid in full, plus interest due, to WSF (Economic Stabilisation Fund).
Sebastian Ebel to head up TUI
TUI’s Supervisory Board is appointing the current Chief Financial Officer Sebastian Ebel as the new Chairman of the Executive Board as of 1 October.
Helena Murano and Christian Baier appointed to TUI Supervisory Board
The Hanover Local Court has appointed Helena Murano and Christian Baier as members of the Supervisory Board of TUI AG. Both succeed Alexei Mordashov and Vladimir Lukin, who resigned from their Supervisory Board mandates at the beginning of March. Christian Baier will also become a member of the Audit Committee.
TUI Care Foundation and enpact’s Tourism Recovery Programme wins at WTM Responsible Tourism Awards
The TUI Care Foundation has recently become winners of two Gold and one Silver Award at the WTM Responsible Tourism Awards. The awards recognise their work around the world for programmes that supported sustainable tourism businesses during the pandemic in Africa and Latin America.
TUI driving growth in tours and activities with relaunch of TUI Collection
TUI Group, one of the world’s leading tourism groups, has revamped, expanded and relaunched the TUI Collection, one of the largest portfolios of original, branded experiences in the travel industry. The relaunch continues the Group’s strategic focus on tours and activities as a key growth pillar and supports the ongoing expansion of TUI’s digital platform for experiences.
TUI boosts Turkey summer capacity
TUI is raising capacity to Turkey this summer to 1.5m guests to resorts in Antalya, Izmir, Bodrum and Dalaman. The group also plans to further grow capacity across all markets for summer 2023.
Tui Group to return €700m in emergency bailout cash
Tui Group has said it is “well positioned” for the post-Covid-19 period and expects a stable business development for 2022, especially during the summer season.
Tui Group terminates branding deal with Tui Russia
Tui Group has terminated the brand use agreement with Tui Russia. However, the Germany-based company was quick to clarify Tui Russia is not a company of the wider group.
Tui shareholders rejig holdings following Russia sanctions
As the financial fallout from the Russian invasion of Ukraine continues, Tui Group has been informed that the ownership of its shareholder Unifirm has changed.
Mordashov steps down from Tui Group role
Alexey Mordashov has resigned his position on the supervisory board of Tui Group after being sanctioned by the European Union. He is the largest shareholder in the holiday giant.